What trends did we see in Q2 2014?
Global tech spending, revised down from 3.2% to 2.1% growth in 2014, reflects the tough market conditions for computer, communications and EMS firms.
Looking forward to 2015-2018, Gartner forecasts tech spending will improve and return to more normal growth levels (3.7%).
A new milestone was reached in Q2’14 for worldwide smartphone shipments. Vendors shipped a total of 301.3 million smartphones worldwide in Q2’14, up 25.3% from a year ago.
While the worldwide PC market reversed two years of declining shipments in Q2’14, there were mixed results as stabilization in developed markets was offset by a decline in emerging markets.
Global technology IPO activity surged in the second quarter with 43 IPOs raising US$12.3bn in proceeds, a year-over-year increase of 153% and 327% respectively.
Q2'14 US technology deal volumes and value remained at historical norms while new deal announcements increased. Deal value was boosted by hardware and semiconductor deals.